Commonwealth Equity Services LLC Raises Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Commonwealth Equity Services LLC lifted its position in Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 2.4% in the third quarter, HoldingsChannel.com reports. The firm owned 7,192 shares of the industrial products company’s stock after purchasing an additional 170 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Zebra Technologies were worth $1,884,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ZBRA. Cambridge Investment Research Advisors Inc. raised its position in shares of Zebra Technologies by 13.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,815 shares of the industrial products company’s stock valued at $1,165,000 after buying an additional 341 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Zebra Technologies by 102.2% during the 1st quarter. Panagora Asset Management Inc. now owns 2,230 shares of the industrial products company’s stock valued at $923,000 after purchasing an additional 1,127 shares during the last quarter. Raymond James Trust N.A. grew its position in shares of Zebra Technologies by 45.0% during the first quarter. Raymond James Trust N.A. now owns 947 shares of the industrial products company’s stock valued at $392,000 after purchasing an additional 294 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Zebra Technologies by 28.9% in the first quarter. Sei Investments Co. now owns 27,317 shares of the industrial products company’s stock worth $11,251,000 after purchasing an additional 6,119 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Zebra Technologies by 97.4% in the first quarter. Canada Pension Plan Investment Board now owns 300 shares of the industrial products company’s stock worth $124,000 after buying an additional 148 shares in the last quarter. 85.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ZBRA has been the subject of several research analyst reports. Morgan Stanley raised their price target on Zebra Technologies from $225.00 to $260.00 and gave the company an “equal weight” rating in a report on Tuesday, December 13th. Robert W. Baird boosted their price target on shares of Zebra Technologies from $300.00 to $315.00 in a research report on Tuesday, December 20th. Credit Suisse Group lowered their price objective on shares of Zebra Technologies from $313.00 to $311.00 and set a “neutral” rating for the company in a research report on Thursday, February 23rd. Wolfe Research downgraded shares of Zebra Technologies from a “market perform” rating to an “underperform” rating in a report on Thursday, December 1st. Finally, Needham & Company LLC increased their price target on shares of Zebra Technologies from $330.00 to $385.00 and gave the company a “buy” rating in a report on Friday, February 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $373.71.

Zebra Technologies Price Performance

ZBRA stock opened at $284.92 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.44 and a debt-to-equity ratio of 0.66. The stock has a market cap of $14.64 billion, a PE ratio of 22.74 and a beta of 1.66. Zebra Technologies Co. has a 12 month low of $224.87 and a 12 month high of $440.64. The company has a 50-day moving average price of $304.66 and a 200 day moving average price of $280.50.

Zebra Technologies (NASDAQ:ZBRA – Get Rating) last announced its earnings results on Thursday, February 16th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.16. Zebra Technologies had a return on equity of 31.19% and a net margin of 8.01%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business earned $4.21 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts anticipate that Zebra Technologies Co. will post 15.9 earnings per share for the current year.

Insider Transactions at Zebra Technologies

In other news, insider Michael Cho sold 1,600 shares of the company’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $292.38, for a total value of $467,808.00. Following the transaction, the insider now directly owns 3,168 shares in the company, valued at $926,259.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.94% of the company’s stock.

Zebra Technologies Profile

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Zebra Technologies Corp. engages in the design, manufacture, and sale of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.